BG sells stake in Chilean LNG terminal to Enagás

BG Group completed the sale of a second and final stake in the Quintero LNG regasification terminal in Chile to Terminal de Va lparaiso, a company majority owned by Spain's Enagás, for $176 million.

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BG Group on Friday completed the
previously-announced sale of a second and final 20%
equity interest in the Quintero LNG regasification terminal in
Chile to Terminal de Va lparaiso, a company majority owned by
Enagás S.A. of Spain, for $176 million.

An agreement to sell BG Groups entire 40% interest in
Quintero LNG to Enagás was announced in April 2012, with
the transfer of an initial 20% stake completed in September
2012.

The sale of the two equity stakes, part of what BG Group
says is an approach to active portfolio management, raised
a combined $352 million.

The sale applies only to BG Groups shareholding in
GNLQ, the owner and operator of the 2.5 million-tpy capacity
regasification terminal in Quintero, Chile.

The agreements do not impact BG's long-term contracts to supply
LNG to the Chilean market, according to the company.

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